High unemployment and a skittish global economy continue to dog Burger King Holdings Inc., which reported Tuesday a 16.8-percent decline in profit for the fourth quarter. Burger King's net income for the June 30-ended quarter totaled $49.0 million, or 36 cents per share, compared with $58.9 million, or 43 cents per share, in the same period last year. Revenue declined 1.1 percent, to $623.0 million from $629.9 million. Fourth-quarter same-store sales improved, but were still negative, with ...
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Contact: Desiree Torres Desiree.Torres@penton.com